Value of 2010 Turkish Lira today

₺100 in 2010
₺665.95 in 2023

The inflation rate in Turkey between 2010 and today has been 565.95%, which translates into a total increase of ₺565.95. This means that 100 lira in 2010 are equivalent to 665.95 lira in 2023. In other words, the purchasing power of ₺100 in 2010 equals ₺665.95 today. The average annual inflation rate between these periods has been 15.7%.

Inflation timeline in Turkey (2010 - 2023)

The following chart depicts the equivalence of ₺100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (TRY) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2010-2022 442.44%
Cumulative inflation 2010-today 565.95%
Avg. Annual inflation 2010-2022 15.13%
CPI 2010 68.46
CPI 2022 371.36
CPI 2022-12 (latest official data) 433.04
CPI today 455.92

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2010 and 2022, use the corresponding CPI values:

Value2022
=Value2010 ×
CPI2022/CPI2010
=₺ 100 ×
371.36/68.46
₺542.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 455.92:

Valuetoday
=Value2010 ×
CPItoday/CPI2010
=₺ 100 ×
455.92/68.46
₺665.95

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₺100 worth today. There are 12 years between 2010 and 2022 and the average inflation rate was 15.132%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.15132)12
₺542.44

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2010 ₺5.42 lira in 2022
₺5 lira in 2010 ₺27.12 lira in 2022
₺10 lira in 2010 ₺54.24 lira in 2022
₺50 lira in 2010 ₺271.22 lira in 2022
₺100 lira in 2010 ₺542.44 lira in 2022
₺500 lira in 2010 ₺2,712.19 lira in 2022
₺1,000 lira in 2010 ₺5,424.39 lira in 2022
₺5,000 lira in 2010 ₺27,121.94 lira in 2022
₺10,000 lira in 2010 ₺54,243.88 lira in 2022
₺50,000 lira in 2010 ₺271,219.38 lira in 2022
₺100,000 lira in 2010 ₺542,438.76 lira in 2022
₺500,000 lira in 2010 ₺2,712,193.81 lira in 2022
₺1,000,000 lira in 2010 ₺5,424,387.63 lira in 2022
Cumulative inflation From 2010 565.95%
Avg. annual inflation From 2010 15.7%
CPI 2010 68.46
CPI today 455.92

Value of Lira over time (by year)

Period Value
2010 100
2011 106.47
2012 115.94
2013 124.63
2014 135.66
2015 146.07
2016 157.42
2017 174.97
2018 203.55
2019 234.44
2020 263.22
2021 314.81
2022 542.44
2022-12 632.54
Today 665.95

All available years

Today's value of turkish lira by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |

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